Economy
December 10, 2018
ISM: U.S. Economic Growth to Continue in 2019
Written by Tim Triplett
The U.S. economy is on track to grow further next year, say purchasing executives surveyed by the Institute for Supply Management, continuing the trend that began in mid-2009. In its December 2018 Semiannual Economic Forecast, ISM reported that the manufacturing sector is optimistic about business conditions in 2019, with revenues expected to increase in 17 manufacturing industries.
Sixty-four percent of the supply chain executives responding to ISM’s poll expect revenues to be greater in 2019 than in 2018. The net increase in overall revenues next year is forecast at 5.7 percent. The 17 manufacturing industries expecting revenue improvement in 2019, listed in order, are: Miscellaneous Manufacturing; Wood Products; Fabricated Metal Products; Printing & Related Support Activities; Primary Metals; Nonmetallic Mineral Products; Apparel, Leather & Allied Products; Transportation Equipment; Furniture & Related Products; Chemical Products; Electrical Equipment, Appliances & Components; Paper Products; Computer & Electronic Products; Textile Mills; Machinery; Food, Beverage & Tobacco Products; and Plastics & Rubber Products.
